Property Details
1716 Boylston Avenue
Seattle, WA 98112
$5,000,000
Active
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Property Overview
Hollywood Court is a 25-unit multifamily investment located in Seattle's highly desirable Capitol Hill neighborhood. The property consists of two buildings: the original 19-unit Hollywood Court, constructed in 1907, and a newer 6-unit building completed in 1998, offering investors a unique blend of historic character and more modern construction. Hollywood Court presents a compelling value-add opportunity in one of Seattle's most established and supply-constrained rental markets. The property benefits from a diverse unit mix and strong in-place occupancy, with the opportunity to enhance revenue through interior renovations, operational improvements, and continued alignment to market rents. Ideally positioned in the heart of Capitol Hill, the property offers unmatched access to Seattle's top lifestyle amenities and employment centers. Residents are within walking distance of light rail, Seattle Central College, Cal Anderson Park, and a vibrant mix of restaurants, cafes, and nightlife, while also maintaining close proximity to major employers in South Lake Union and Downtown Seattle, With its scale, location, and repositioning potential, Hollywood Court represents a rare opportunity to acquire a legacy asset with both near-term upside and long-term appreciation in one of Seattle's most dynamic rental submarkets.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Capitol Hill
Listed
Jul 21, 2026
Structure Type
Multi Family
Parcel Number
8804900030
Tax & HOA
Annual Property Tax
$51,271 (2026)
Est. Monthly Tax
$4,273/mo
Financial Summary
Cap Rate
5.70%
Net Operating Income
$284,688
Gross Scheduled Income
$539,533
Gross Rent Multiplier
9.30
Total Expenses
$226,406
Vacancy Rate
6.0%
Building & Use
Building Sq Ft
19,470
Leasable Area
17,277 sqft
Total Units
25
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
10,202 sqft
Year Built
1907
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1907
Garage
6 spaces
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Brick, Wood
Community & Access
Directions
Property is on Boylston Ave between E Howell St and E Olive St.
Location
City
Seattle
County
King
Coordinates
47.61704, -122.32312
Additional Information
Tax Year
2026
Annual Taxes
$51,271
Possession
Array
